There has been a lot of fuzz around several topics like the bull run, and people are missing out on yet another farm from Binance on the #rezlaunchpool Don't miss out, but be careful with your investments and BNB price fluctuation.
For most of you the losses have been great in this last week.
But fear not, this bearish mini cycle is at an end so, I'm here to tell you now is the time to buy or/and, not to sell.
Invest in the projects you feel passionate about, sometimes our heart is the biggest indicator of a really good project, be careful with fake crypto news financed by the token/company itself, you don't want to buy the snake, you want to buy the elephant đ .
#MONAD the new L1 blockchain Faster than Solana (10,000 TPS)đ„đ
You know this projeis no joke when Giants like Paradigm, Electric Capital, Greenoaks Capital, Dragonfly Capital, Shima Capital, Lemniscap, Placeholder Ventures and other big names in the game put together a Staggering 244.00 Million USD in total Funds raised for this incoming big Blockchain name!
IPO is announced has soon so stay tuned if you want to be a part of the new big game.
Just like Ethereum and Solana this project is set to start IPO with tokens at around 0.14 cents according to sources and it might very well surpass $SOL and $ETH so there is A LOT of money to be made!!!
Leave follow to stay tuned for more news and incoming update such has IPO date on this upcoming Giant in the Game!
OFTs are tokens that move across blockchains just like data packets move across the Internet. This article is about OFTs, how they work, key properties, and who is using the OFT Standard. Letâs dive in. What is the OFT Standard? OFT stands for âOmnichain Fungible Token.â You can think of OFT as a universal token standard used to send, receive, and compose assets across all blockchains. The OFT Standard is a contract for creating and tracking tokens across many chains at the same time. It is available to anyone building on LayerZero. The OFT Standard extends fungible tokens, like ERC20, to all the chains LayerZero supports.
Projects deploying a token using the OFT Standard maintain complete ownership of their contracts, may select what chains to deploy on (now and in the future), and have the option to choose how messages are verified by configuring a unique Security Stack. The OFT Standard has been live and in production for 21 months, securing over $4.5 billion in transfer volume across 45+ chains. How Do OFTs Work? On OFT transfers and adapting existing tokens into the OFT Standard⊠OFT Transfers OFTs operate through a mint-and-burn mechanism that works the same on every type of blockchain. Transferring an OFT between blockchains involves two steps: First, the token is âburnedâ (or destroyed) on the original blockchain.Second, an equal amount of the token is âmintedâ (or created) on the new blockchain.
LayerZero facilitates this accounting process by sending a message from the source to the destination blockchain, instructing it to mint the same number of tokens that were burned. This keeps the tokenâs total amount the same across all networks, ensuring its value stays stable during the move and that the OFT retains a unified, global supply count. OFT Adapter For projects that have already minted a token on a single chain, the OFT Adapter is available to extend that token across every LayerZero-supported blockchain. This process involves an intermediary contract that handles sending and receiving tokens that have already been deployed. For example, when transferring an ERC20 from the source chain (Chain A), the token will lock in the OFT Adapter, triggering a new token to mint on the selected destination chain (Chain B) via the paired OFT Contract. From there, the OFT can be moved across any LayerZero-supported blockchain the project wants to enable using the burn and mint mechanism described above.
Key Properties of the OFT Standard Any project creating an OFT inherits the following characteristics: Contract Ownership Inherently non-custodial, the OFT Standard allows developers to retain ownership and control over their token contracts, managing the token supply directly across each blockchain. LayerZero is intentionally designed to be an immutable protocol that has no ability to custody assets or alter the security settings or chain support of integrated contracts. LayerZero can never take custody of an OFT, make security decisions that would alter how an OFT transfer is verified, or disable support for a chain that an OFT is enabled on. The non-custodial nature of the OFT Standard ensures that tokens remain under a projectâs control, eliminating counterparty risks that are prevalent in other cross-chain solutions. Furthermore, OFT deployers may customize an optional fee structure on top of OFT transfers should they wish to generate revenue for their project. Flexible Security Any entity capable of verifying cross-chain messages may permissionlessly participate in LayerZero as a Decentralized Verifier Network (DVN), including native bridges, third-party bridges, oracles, etc. Applications building on LayerZero may select a combination of DVNs to attest to the validity of a cross-chain message before it is executed on the destination chain. An applicationâs selection of DVNs is called its Security Stack. LayerZero empowers token developers to select their own set of DVNs for verifying OFT transfers. This flexibility allows token deployers to configure customized Security Stacks that align with the specific requirements of their tokens. On top of choosing what entities verify token transfers, token issuers may also choose what chains the token is deployed on, how many blocks a DVN must wait to verify a message, and how a message is executed on the destination chain. Application owners can update configurations when new technologies emerge and expand their OFT to new chains at any time. Additionally, the Pre-Crime module functions as an advanced security layer, proactively scrutinizing transactions for potential threats or irregularities before they are executed, thus bolstering the protocolâs defense against exploits. Universal Semantics OFTs bring standardization to token operations across different blockchain networks. Traditional tokens are often bound by the rules and standards of their native blockchain, leading to a fragmented experience when interacting with multiple chains. OFTs, however, maintain a consistent standard across all chains they operate on. This uniformity simplifies the user and developer experience, as the token behaves identically regardless of the blockchain and can be composed via a wide variety of contracts. Such standardization is invaluable for developers and users alike, as it reduces the complexity and learning curve associated with managing assets on multiple chains. Furthermore, developers deploying an OFT using the LayerZero Executor can take advantage of full gas abstraction, allowing users to pay only a single gas fee from the source chain to execute an entire cross-chain flow. Unified Token Supply OFTs unify liquidity across networks through swift and secure communication between contracts via burn and mint. This eliminates the need for wrapped assets (4/5 largest exploits have occurred with wrapped assets, including $326M Wormhole hack in 2022) and liquidity on multiple chains for bridging via standalone asset pools, paving the way for scalable liquidity across numerous L2s and L1s. In terms of efficiency, OFTs exist as native tokens on each chain, requiring only gas fees for transfer, devoid of additional costs associated with wrapping, bridging, or slippage. OFTs can be natively transferred across any LayerZero supported chains (currently 55+ chains) in a point-to-point flow, without ever needing to redeem on any one base chain. OFT Standard Adoption Any type of project can utilize the OFT Standard. Over 100 projects have adopted the OFT Standard, ranging from stablecoins to gas tokens to LSTs.
For the sake of brevity, we will only list a few specific examples below⊠Stablecoins Angle (agEUR): agEUR is the largest decentralized stablecoin pegged to the EURO. agEUR is available on 11 different chains. The coin has been moved 7.6 million times since it was launched 18 months ago.Abracadabra (MIM): Abracadabra was one of the first stablecoin projects to make their token omnichain. MIM is currently available on 11 chains. Blockchain Tokens Bitcoin (BTC.b): Borderless Bitcoin leverages the LayerZero Omnichain Fungible Token (OFT) standard to seamlessly integrate Bitcoin across all LayerZero-supported networks.Metis (METIS): By leveraging OFTs, Metis enhanced the movement and utility of their native tokens across various blockchain environments. DeFi Tokens Trader Joe (JOE): The Avalanche-founded dApp Trader Joe opted into the OFT Standards in February of 2023.Radiant (RDNT): Radiant Finance uses OFTs to enhance the liquidity and transferability of its governance token across various networks. Liquid Staking Tokens StakeStone (STONE): StakeStone native LST, $STONE, is available on Ethereum and Manta as an OFT. As of January 2024, StakeStoneâs TVL is above $750 million.unshETH (unshETH): unshETH expanded to BNB Chain from Ethereum by making its LST $unshETH an OFT in April 2023. Conclusion The OFT Standard represents a unified, secure, and user-friendly approach to tokenization. OFT is one token standard for many chains that can use any type of verification method to approve token transfers. As the industry continues to expand to 1000s of chains, the OFT Standard is here to enable unified token supply and liquidity while empowering token issuers to control the security specifications protecting asset transfers.
đFor those that didn't see it we have now the next big thing in crypto called Wormhole (W) đ
This chain is an inter blockchain communicator that aims for possibilities such as a multiple launch in different blockchains. Imagine a coin having a simultaneous release in Binance in Solana.
You can check Binance Announcement in the link at the end of this post.
Binance Adds Wormhole (W) on Earn, Convert, Margin & Futures
Fellow Binancians, Binance is excited to announce that Wormhole (W) has been added to Binance Simple Earn and Binance Convert. In addition, Binance will add W on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-03 15:30 (UTC), 2024-04-03 15:30 (UTC) and 2024-04-05 00:00 (UTC) respectively. Earn Users can now subscribe to W Flexible Products on Binance Simple Earn. From 2024-04-05 at 00:00 (UTC), users may purchase W using any of the payment options supported on Binance Auto-Invest. Convert Users can now trade W against BTC, USDT and any other tokens supported by Binance Convert at zero fees. Margin Binance Margin will add W as a new borrowable asset on Cross and Isolated Margin, as well as the W/USDT pair on Cross and Isolated Margin at 2024-04-03 15:30 (UTC). Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates. Futures Binance Futures will launch the USDâ-M W Perpetual Contract at 2024-04-03 15:30 (UTC), with up to 50x leverage. More details on the USDâ-M W Perpetual Contract can be found in the table below: USDâ-M Perpetual Contract WUSDTLaunch Time 2024-04-03 15:30 (UTC) Underlying AssetWormhole (W)Settlement AssetUSDTTick Size0.001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported Please Note: The maximum funding rate of the WUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours. TimeMax Funding Rate2024-04-03 16:00 (UTC)+2.00% / -2.00%2024-04-03 20:00 (UTC)+2.00% / -2.00%2024-04-04 00:00 (UTC)+2.00% / -2.00%2024-04-04 04:00 (UTC)+2.00% / -2.00%âŠâŠ Qualified USDâą-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the WUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the WUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the WUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the WUSDT Perpetual Contract. The WUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement. Guides & Related Materials: How to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDâ-M Futures ContractsLeverage and Margin of USDâ-M Futures Contracts Binance Futures Fee StructureHow to Use Auto-Invest Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-04-03
Like I warned you in a past post #ENALAUNCHPOOL made $BNB rise and now fall. So a lot of you might lose money if you sell your $BNB now, or when the Launchpool ends. So what can you do? Well my suggestion is to Hold your BNB since this coin will probably hit 1000$ + on this Bull Run.
đ„Burnt (Xion) project in Funding Round already raised a total of 36 Million Dollars with the giant Multicoin Capital ahead of the funding with 25 Million Dollars in.đ„
Today we gonna talk about the future giant Burnt with their token $Xion. Still in Testnet and in funding round, this giant already has a valuation of 10 dollars for Xion token.
Users can join and participate in multiple challenges throught the website:
https://xion.bonusblock.io?r=W8Vq3XTt (Use link for extra XP rewards on the website)
You can mint a welcome NFT by connecting some socials and another NFT with minimum 2 days interaction with the website, by using the Testnet.
You can follow the instructions on the website for website xp.
This is super early inside to this project. So be patient and collect your much deserved rewards for being an OG in this project if you decide o be a part of it.
Remember to leave a like and a follow to help us grow community and spread this much important information for information hungry users such has yourself that is using the Binance Square.
â ïžBelieve it or not but a lot of people lose money in #ENA Lauchpool âïžâ ïž
đšIn this post we will discuss: When to Leave ENA mining and how much to stake $BNB Vs $FDUSD đš
There are several factors to account for regarding the Binance Lauchpool, and the biggest one is probably the $BNB market fluctuation.
When Binance launched #ENA Lauchpool BNB was around 590 USDT and is now at 605. What does this mean? It means that a lot of people bought BNBs for 605 in order to get into the mining.
Ok, and is that bad?
Let's say I have 605 USDT and I go buy 1 BNB at 605 to stake in the Lauchpool. by the end of the project let's say I have 5 ENA mined. When the project ends everyone and their mother's will sell BNB and it will drop probably below 590. So If I sell my BNB at 580 and gain 5 ENA (worth 2 USDT each) by the end of the Lauchpool project I will have 590 USDT and I started with 605. That is a 15 USD defice!
This is the reality for a lot of people that participate in the Lauchpool!
So what can we do to avoid this.
There are 2 steps one can do to avoid losing money.
1 - You have BNB bought before the launchpool announcement.
2 - You sell your BNB before the end of the Lauchpool.
Any of these steps will help you a lot to avoid losing money.
Now I want to talk about something else, and that is the amount of Earn of FDUSD vs BNB.
For my personal staking experience I noticed that FDUSD has only 20% rewards and BNB hĂĄs 80% rewards but I'm winning a lot more with my staked FDUSD than with my BNB. That means a lot of people are only staking BNB! So I advice you to stake more FDUSD than BNB and that will make you win more ENA with the same money and also avoid the BNB fluctuations that can make you lose money.
Hope this post serves you.
And as always don't forget to leave a like, a comment, share or even a tip if you can. All the interactions will help out a lot in building a community and making these posts reach people such has you, that might find this information useful.
Ethena (ENA) Is the new Binance Launchpad Project that you can stake $BNB and $FDUSD to earn rewards!
The lauchpad is set to start in approximately 12 hours as of this post. So get in will you can. Rewards are set to 80%BNB and 20% FDUSDT so I suggest you grab your money and split it 80/20 and stake it before it starts! All Finance launchpad projects have been a big success lately and Ethena is no different.
đThis is what they have to say on their website:đ
"Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.
Ethena's synthetic dollar, USDe, will provide the first censorship resistant, scalable and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently onchain and free to compose throughout DeFi.
USDe peg stability is ensured through the use of delta hedging derivatives positions against protocol-held collateral.
The 'Internet Bond' will combine yield derived from staked Ethereum as well as the funding & basis spread from perpetual and futures' markets, to create the first onchain crypto-native 'bond' that can function as a dollar-denominated savings instrument for users in permitted jurisdictions."
You can stake money in their website to Earn Shards. This is still in Epoch 2 (pre-launch season). You can join throught the referral https://app.ethena.fi/join/ryta5 For extra 10% rewards
With Ethena you will stake money and provide liquidity to earn shards. So DYOR and see if you want to provide liquidity in the Launchpad or on their website, or both. Since it's Beta I suggest you do both!
So today I woke up and went to check my Polybox.finance harvest just to find out that the website is closed, the discord channel is closed and no one is talking about this!
Another crypto scam!
This lesson cost me a lot of money đ°
We have to look at this in a negative way and also a positive one:
Negative way: Of course it was a scam you d*** s*** it had 5 days Return on Investment. Positive way: I beginning to believe less and less in fairy ails and becoming more realistic with every experience.
Conclusion: Like my mom used to say: "If it's to good to be true, then it's not true"
Stay safe and learn from your mistakes and mine aswell if you can.
Polybox AI is already one of the most innovative DeFi platforms on Polygon, but weâre not planning to stop at that. Read about the upcoming feature releases and perks for users, as well as our plans for long-term development.
As you probably know by now, Polybox AI makes money thanks to a pioneering trading and investment AI algorithm that is trained to buy and sell over 60 different tokens. The current profitability rate is more than enough to cover the high MATIC reward rates on all premium tiers, together with the rewards in the Free Tier, and referral rewards.
The AI algorithm is constantly learning and becoming better at trading, however, so we expect a gradual increase in profits. We plan to use part of these extra funds to introduce additional benefits fro OGs, or early users â those who have been with us since the beginning and never left. So do keep farming MATIC rewards, even if itâs just on the Free Tier â in the future youâll be happy that you did!
Looking beyond 2024 In 2025, we plan to add more Web3 community features to the platform, starting from a DAO. Weâre currently looking into NFT-based DAOs, though we donât exclude a utility token, either. The DAO members will be able to vote on matters like reward rates in various tiers, introduction of new tiers and perks, changes to the referral program, etc. Polybox AI will keep changing and evolving â what wonât change is the high APR rate, the user-friendliness and the easy access for all with the Free Tier. Happy harvesting!
Polybox AI will keep changing and evolving â what wonât change is the high APR rate, the user-friendliness and the easy access for all with the Free Tier. Happy harvesting!
The best way to farm is to invest some and keep an excellent uptime with the harvest function.
Get in the A.I. harvest with the link "https:/ /polybox. finance/r/88046" (remove spaces) for some extra % rewards and start harvesting!
đžđ€Lend or borrow money and earn a lot of money!đ€đž
Now there are a lot of companies where you can deposit your money and earn very good APY (annual percentage yield).
The company I want to talk to you about is fortube. With this company/decentralised bank, you can lend and borrow money for your crypto investments. It has been around since 2020 but they invest 0 in advertising and no one knows this exists. It is a very cool way to make your money work for you or to get some extra cash for that investment you know will work.
Go check it out if you are interested and don't forget to leave a tip, a like or a follow so the posts keep on rolling!